Ann: Significant Milestones in Acquisition of Kwa, page-2

re: Ann: Significant Milestones in Acquisitio... Amazing announcement out today.

"Significant Milestones in Acquisition of Kwale Project"


http://www.asx.com.au/asxpdf/20100505/pdf/31q5hym3vjx17z.pdf


HIGHLIGHTS

Base has now completed due diligence enquiries to its satisfaction.

The Government of Kenya has approved the transfer.
Experienced mineral sands executive, Colin Bwye, to join Base as Executive Director Operations and
Development.

Technical review confirms a world class project with a projected cash margin that would place it in
the best performing quartile of the global mineral sands industry.

Estimated capital development cost of US$180 million generates a post-tax operating surplus of US$570
million over 11 years, representing an IRR of 28% (real).



20c stock within 3 months imo!


Regards,